7,479 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Bought by Fmr LLC

Fmr LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, Holdings Channel reports. The institutional investor bought 7,479 shares of the company’s stock, valued at approximately $378,000.

Several other hedge funds also recently bought and sold shares of the company. River Road Asset Management LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $66,841,000. Pinnacle Associates Ltd. acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in United Parks & Resorts in the third quarter worth approximately $27,850,000. Eagle Asset Management Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $21,959,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at $20,898,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PRKS shares. Macquarie decreased their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. B. Riley reaffirmed a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Truist Financial increased their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Finally, Mizuho reaffirmed an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.60.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Mikolaichik acquired 34,000 shares of the stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Stock Down 3.0 %

Shares of NYSE:PRKS opened at $53.62 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 13.44 and a beta of 2.00. The business has a 50 day moving average price of $55.64 and a 200 day moving average price of $52.93. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. Analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.